Global Equities ripped higher in November. The Harmony USD Global Equity faired especially well holding UK and vale assets.
This week we talk about IPOs, Brexit and its effect on the GBP and markets, and the volaitility increase in the QQQS.
As Europe reopens, UK’s BOE announces the economic recovery will be ‘V-shaped’. Tourist travel seems to be picking up and markets (especially tech stocks) reacted well – as is usual in this seasonal bullish period. Q2 earnings reports are on the horizon, with stocks priced for perfection.
Fiscal stimilus is ending in the US as government transfer reciepts and other forms of unemployment support expire. As elections come to the forefront and COVID cases increase further aid is likely. The effects on inflation will be muted until employment levels come back and wages increase.
Spanish property prices have been coming back recently. With all the UK residents living on the Spanish Costas, can this continue? Brexit could thow the area back into the a recession, if UK expats retreat home. Three factors having the most impact include, residency, pension levels, and access to affordable healthcare.